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Happy 58th birthday, Chevrolet Corvette

Fifty-eight years ago, on June 30, 1953, the first production Chevrolet Corvette rolled off the temporary assembly line in Flint, Mich. This was just six months after the Corvette made its world debut at the 1953 GM Motorama at the Waldorf-Astoria Hotel in New York City. The Flint line would build 300 copies of the '53 Corvette--all of them white, with red interiors and black folding tops.

Petersen Museum gets new chair

Peter Mullin, a car guy with excellent taste and the means to do something about it, has become chairman of the board of the Petersen Automotive Museum in Los Angeles. Lucky place, the Petersen. Mullin's vice-chairs, who will help lead the museum into the 21st century, are uber car guys Bruce Meyer and David Sydorick, both longtime supporters of the institution.

GM reportedly set to sign deal on Thursday to sell Opel

General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations. GM agreed on September 10 to sell 55 percent of Opel to Canadian supplier Magna and its Russian partner Sberbank, but the deal stumbled amid labor union demands for a veto on factory closures and concern in the UK and Spain that 4.5 billion euros ($6.7 billion) in aid pledged by the German government for restructuring Opel favored the carmaker's German factories.